5. 5. Futures options quotes [LO 23.4] Suppose you purchase a May 2020 put option on corn futures with a strike price of $3.80 for $0.11. Each contract is for 5 000 bushels. Suppose the price of corn futures is $3.61 per bushel at expiration of the option contract. What is your net profit or loss from this position? What if corn futures prices are $3.97 per bushel at expiration?